Under Armour is an apparel company that has in a short period of time become one of the biggest sporting apparel companies in the world. This paper will describe the history‚ mission and vision statements‚ and the evaluation of the internal and external factors of Under Armour. With all of the success that Under Armour has had there’s still some problems that Under Armour needs to address when it comes to reaching out to the women’s market and also venturing out internationally. With all the success
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General External Environment Opportunities: McDonalds “Plan to Win” is driving results and has played a primary role in the company’s strategic direction. Now‚ the strategic direction is “to be better‚ not just bigger.” CEO Skinner stated‚ “ our customers centric plan to win continues to dive sustained momentum and is generating broad based growth in our business. Our performance confirms that our emphasis is on improving the McDonalds restaurant experience on the 5 P’s of people‚ product‚ place
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DISCUSSION QUESTIONS‚ CASE INTRODUCTION AND KEY POINTS Introduction Under Armour’s rapid rise in the sports apparel industry under its founder and CEO Kevin Plank has surprised many. Plank has turned a company that he started in his grandmother’s basement into a powerful opposing force to Nike. The company’s competitive advantage comes through its focus on performance‚ and its products have been well received by athletes. The company currently enjoys a strong position as professional athletes
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Under Armour is a leading athletic clothing line directed towards the overall athlete who is looking for the most comfort during extracurricular activities. The mission of the company is‚ "to provide the world with technically advanced products engineered with exclusive fabric construction‚ supreme moisture management‚ and proven innovation. In short‚ every Under Armour product is doing something for you; it’s making you better." Founded in 1996 by University of Maryland graduate Kevin Plank‚ Under
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affected Under Armour since the company’s establishment in 1996. Under Armour is most commonly known for its performance apparel‚ footwear‚ and accessories sold worldwide. Though fairly new‚ Under Armour has increased their stock price by more than 20% in the last three months as stated in‚ “Under Armour Through the Lens of Porter’s Five forces.” After introducing a new footwear collection in 2006‚ Under Armour’s net sales skyrocketed making them a force to be reckoned with. Despite Under Armour’s
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IBM 4711 International Strategic Management Under Armour: Working to Stay on Top of Its Game Perform a STEEP analysis to understand the general environment facing Under Armour. How will the firm be affected by external factors? Ans. Each factor under STEEP analysis giving Under Armour more information about how company should adapt itself‚ in order to be survived in the market. Let’s see the effects of these external factors to the company’s strategies each by each. Social factor Demographics
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b. Distribution: Under Armour is definitely a company that allows their customers to deeply think about their product before making their purchase. They strive to distribute their product at the most efficient speed‚ so that their company can increase its value. The company sells their products from their website‚ www.underarmour.com‚ and in stores. However‚ their merchandise is also sold at larger distribution stores‚ like Dick’s‚ Nordstrom’s‚ Sport’s Authority‚ and Macy’s. They use a selective
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The Under Armour is a leading American sports clothing and accessories company. All of Under Armour’s products are based on its mission statement‚ “To make all athletes better through passion‚ design and the relentless pursuit of innovation”. It uses smart marketing technique to invite it fans and followers to buy its products‚ and clears away any barriers that the customers faces when making a purchase. As a result‚ the company generates more leads and more revenue. The Social media is an excellent
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his first team sale to Georgia Tech. By 1997‚ 12 NCAA Division 1-A teams and 10 NFL teams were wearing the gear‚ and Under Armour made its first appearance in the Super Bowl when the Green Bay Packers defeated the New England Patriots. When this happened Plank moved his company headquarters to South Baltimore‚ and set up a manufacturing plant six blocks away. That year Under Armour developed five other product lines Cold Gear‚ Loose Gear‚ Turf Gear‚ All season Gear‚ and Street Gear to cover every
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Under Armour- Challenging Nike in Sports Apparel By Shruthi Purushothama Under Armour was founded in 1996 by Kevin Plank‚ a former football player with the University of Maryland. Plank came up with the idea of using newly available moisture-wicking‚ polyester-blend fabrics to create next generation‚ tighter-fitting shirts and undergarments that would make it cooler and more comfortable to engage in strenuous activities during high temperature conditions. The company was originally named KP Sports
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